$BTC Range bound until further notice.
Price swept its local highs for the first time. This was the high after the initial bounce following the 10th of October liquidation event.
To get Bitcoin out of this correction, this $116K level is a key area to break to flip the market structure back around on this timeframe.
Price has broken above the 4H 200MA/EMA which were acting as resistance since the drop so that's a first step for the bulls. Need to hold those going forward obviously.
